HIVE Digital Technologies Ltd. (NASDAQ:HIVE) Given Average Rating of “Moderate Buy” by Analysts

HIVE Digital Technologies Ltd. (NASDAQ:HIVE) has been given an average rating of “Moderate Buy” by the nine research firms that are presently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating on the company. The average 12 month price target among brokerages that have covered the stock in the last year is $7.6250.

Several research analysts have recently weighed in on the stock. B. Riley Financial dropped their price target on shares of HIVE Digital Technologies from $8.00 to $7.00 and set a “buy” rating on the stock in a research note on Friday, November 21st. Weiss Ratings reiterated a “sell (d+)” rating on shares of HIVE Digital Technologies in a research report on Wednesday, January 28th. Keefe, Bruyette & Woods reissued a “market perform” rating and set a $3.50 price target (down previously from $11.00) on shares of HIVE Digital Technologies in a report on Tuesday, January 27th. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $10.00 price objective on shares of HIVE Digital Technologies in a research note on Friday, November 21st. Finally, HC Wainwright lifted their price objective on HIVE Digital Technologies from $8.00 to $10.00 and gave the company a “buy” rating in a research report on Tuesday, November 18th.

Institutional Trading of HIVE Digital Technologies

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Leonteq Securities AG purchased a new stake in HIVE Digital Technologies during the 4th quarter valued at approximately $168,000. Duncan Williams Asset Management LLC purchased a new position in shares of HIVE Digital Technologies in the fourth quarter worth $42,000. Phoenix Financial Ltd. boosted its position in shares of HIVE Digital Technologies by 23.5% during the fourth quarter. Phoenix Financial Ltd. now owns 130,319 shares of the company’s stock worth $336,000 after acquiring an additional 24,769 shares during the last quarter. Ground Swell Capital LLC purchased a new position in HIVE Digital Technologies during the fourth quarter valued at $27,000. Finally, Chesapeake Capital Corp IL increased its holdings in HIVE Digital Technologies by 36.5% in the 4th quarter. Chesapeake Capital Corp IL now owns 39,736 shares of the company’s stock valued at $103,000 after acquiring an additional 10,636 shares during the last quarter. 24.42% of the stock is owned by hedge funds and other institutional investors.

HIVE Digital Technologies Trading Up 15.9%

HIVE Digital Technologies stock opened at $2.33 on Friday. HIVE Digital Technologies has a 52-week low of $1.26 and a 52-week high of $7.84. The company has a market cap of $582.08 million, a P/E ratio of -11.10 and a beta of 3.58. The company has a quick ratio of 2.55, a current ratio of 2.55 and a debt-to-equity ratio of 0.02. The business has a 50-day simple moving average of $2.95 and a two-hundred day simple moving average of $3.48.

HIVE Digital Technologies (NASDAQ:HIVE) last posted its quarterly earnings data on Friday, November 14th. The company reported ($0.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.01). The business had revenue of $83.37 million during the quarter, compared to analysts’ expectations of $80.62 million. HIVE Digital Technologies had a negative return on equity of 14.15% and a negative net margin of 16.18%. Analysts predict that HIVE Digital Technologies will post -0.32 EPS for the current year.

HIVE Digital Technologies Company Profile

HIVE Digital Technologies Ltd is a publicly traded blockchain infrastructure company that specializes in the mining of digital assets such as Bitcoin and Ethereum. Using high-performance GPU and ASIC hardware, HIVE deploys proprietary mining rigs across multiple data centers to validate transactions on major blockchain networks. The company’s operations are designed to maximize hashing power while maintaining efficiency and uptime, enabling it to build and hold a portfolio of mined cryptocurrencies.

Headquartered in Vancouver, British Columbia, HIVE Digital operates data center facilities in North America and Europe, including Canada, Sweden and Iceland.